“However, we’d also note that experience tells us that froth in the IPO market tends to be a ‘leading indicator’ for an important top – not an ‘immediate indicator’ of a top. In other words, yesterday’s action in the IPO market probably tells us that we’ll see a meaningful correction at some point over the next six to nine months, not necessarily over the next few days/weeks.”
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Amazon Pay India’s loss widens to Rs 1,868.5 crore in FY20